Bitcoin Price Got Successive Two Green Weekly Candles During Bearish Season

Bitcoin price closed the week with weekly green candle. It was the last day of the week and Bitcoin price reversed down from great downtrend line. We have seen successive two green weekly candles on Bitcoin price chart during bearish season. Crypto market is still in bearish season. We should see reversing up.

Here you can see weekly chart of Bitcoin price. There is great resistance coming from all time high level. It hard to break up 75K USD. It was great support level and It is broken down. It will work as a resistance.

Bitcoin price is in an ascending channel. We may see breaking down this ascending channel.

Here you can see monthly chart of Bitcoin price. Bitcoin price is 2nd monthly green candle after 5 successive monthly red candles. It may be only a price correction. You can see what happened the last bearish season. Bitcoin price got 3 monthly red candles. After these monthly red candles, Bitcoin price got 2 green candle for correction. After correction, Bitcoin price continued to go down.

We may see the same scenario. We may see same monthly red candles series after end of this month.

If we see more monthly red candles, Bitcoin price will break down the bottom level of ascending channel. It will reach the target of this bearish flag pattern. 40K USD is the target of this bearish pattern.

We will see..

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